Economics of Exchange Rate Management

adjustments balance of payments balance of trade basket link basket peg cent level coefficient December depreciation Deutsche mark devaluation developing countries Durbin-Watson statistics economic indicators effective exchange rate equilibrium estimated exchange market exchange rate changes exchange rate determination exchange rate policy exchange rate regime explanatory power explanatory variables exports and imports F-Statistics flexible exchange rates floating exchange rates fluctuations foreign exchange markets foreign exchange reserves French franc generalised floating India's exports Indian context Indian economy Indian rupee interest rate intervention currency Japanese yen lagged LDCs long-run major currencies market power middle rate monetary model multi-currency basket national income period pound sterling price elasticity price index Purchasing Power Parity quarter of 1982 rate of rupee regression relative price rupee exchange rate rupee rate rupee vis-a-vis rupee/pound SDR basket short-run Table terms of trade trade account trade weighted transactions Trend Equations